Amplify Energy Corp. · NYSE:AMPY
Amplify Energy — Corporate Update (August 2019)
11 slides from Amplify Energy's corporate update, Aug 6, 2019
Slide 1: Supplemental Presentation – Commodity Hedging Overview
Amplify Energy Corp. Supplemental Presentation – Commodity Hedging Overview | August 6, 2019
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements This presentation and the oral statements made in connection therewith contain forward-looking statements. All statements, other than statements of historical facts, included in this presentation or made in connection therewith that address activities, events o
Slide 3: Amplify Hedging Overview: July 2019 through 2022
Amplify Hedging Overview: July 2019 through 2022 • Since May 9, we’ve added the following hedges: – Crude: 90 MBbls (@ $63.08) in 2019, 360 MBbls (@ $59.85) in 2020, 720 MBbls (@ $55.87) in 2021 and 360 MBbls (@ $55.32) in 2022 – all swaps – NGL: 210 MBbls (@ $28.74) in 2020 – all swaps • Interest R
Slide 4: Natural Gas Hedging: Hedged Volumes (MMBtu/d)
Natural Gas Hedging: July 2019 through 2021 • Amplify’s natural gas hedges cover approximately 70% of 2H2019 midpoint guidance production ‒ Hedged approximately 62 MMcf/d for 2019 ‒ Hedged approximately 24 MMcf/d for 2020 ‒ Hedged approximately 12 MMcf/d for 2021 • Collars now include 3-way collars
Slide 5: Oil Hedging: July 2019 through 2022
Oil Hedging: July 2019 through 2022 • Amplify’s oil hedges cover approximately 86% of 2H2019 midpoint guidance production ‒ Hedged approximately 9.6 MBbl/d for 2019 ‒ Hedged approximately 6.5 MBbl/d for 2020 ‒ Hedged approximately 3.8 MBbl/d for 2021 ‒ Hedged approximately 1.0 MBbl/d for 2022 • Coll
Slide 6: NGL Hedging: Hedged Volumes (Bbl/d)
NGL Hedging: July 2019 through 2021 • Amplify’s NGL hedges cover approximately 38% of 2H2019 midpoint guidance production ‒ Hedged approximately 2.3 MBbl/d for 2019 ‒ Hedged approximately 2.1 MBbl/d for 2020 ‒ Hedged approximately 0.7 MBbl/d for 2021 NGL Hedging Summary 3,000 Hedged Volumes (Bbl/d)
Slide 7: Oil Hedge Details: July 2019 through 2022
Oil Hedge Details: July 2019 through 2022 Oil Hedge Summary Year Ending December 31, 2019 2020 2021 2022 NYMEX Oil Derivative Contracts: Swap contracts: Volume (Bbl) 902,000 1,836,600 1,395,000 360,000 Volume (Bbl/d) 4,902 5,018 3,822 986 Weighted-average fixed price ($/Bbl) $54.38 $57.54 $56.05 $55
Slide 8: Natural Gas and NGL Hedge Details: July 2019 through 2021
Natural Gas and NGL Hedge Details: July 2019 through 2021 Natural Gas / NGLs Hedge Summary Year Ending December 31, 2019 2020 2021 Natural Gas Derivative Contracts: Swap contracts: Volume (MMBtu) 10,774,286 1,800,000 2,250,000 Volume (MMBtu/d) 58,556 4,918 6,164 Weighted-average fixed price ($/MMBtu
Slide 9: NGL by Component Hedge Details: July 2019 through 2021
NGL by Component Hedge Details: July 2019 through 2021 NGLs Hedge Summary by Component Year Ending December 31, 2019 2020 2021 MBV C2 Total NGL volumes hedged (Bbl) 163,800 285,300 99,300 Total NGL volumes hedged (Bbl/d) 890 780 272 Total weighted-average fixed/floor price ($/Bbl) $11.85 $11.40 $10.
Slide 10: AMPY Hedge Contract Type Breakout
AMPY Hedge Contract Type Breakout Gas Hedges Oil Hedges 100% 5% 100% 23% 75% 46% 75% 49% 80% 50% 95% 50% 100% 100% 77% 25% 54% 25% 51% 20% 0% 0% 2019 2020 2021 2022 2019 2020 2021 2022 Swap Collar Swap Collar NGL Hedges Total Hedges 100% 100% 14% 23% 37% 75% 75% 50% 100% 100% 100% 50% 100% 86% 77% 6
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